106/551 Flinders Lane, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
OFF MARKET

106/551 Flinders Lane
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 45m2
Land area: 858m2
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Property Details for 106/551 Flinders Lane, Melbourne

106/551 Flinders Lane, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 2000. The property has a land size of 858m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in December 2024.

Building Type
Unit
Year Built
2000
Floor Size
45m2
Land Size
858m2
Local Government
Melbourne
Lot/Plan
106/PS414504

Last Listing description (March 2025)

An ultra-stylish celebration of vast indoor/outdoor space, this elegant 1 bedroom apartment captures the very essence of a sought-after CBD lifestyle. Set on the first floor of the superbly central Morgan Place complex, the tree-lined Flinders Lane locale is an iconic standout. Stroll to free city trams, Southern Cross trains and Degraves Street dining before crossing the Yarra and exploring Crown, riverside restaurants and DFO shopping.

The free-flowing floorplan reveals roomy open-plan living and dining under soaring ceilings, complemented by a streamlined kitchen showcasing stainless-steel appliances including a 4-burner gas cooktop and a full-sized dishwasher. Swing open sleek French doors and make a seamless connection with a private courtyard and instantly feel the tranquillity wash over you. This vast alfresco sanctuary (approx. 15sqm) is a true game-changer, ideal for relaxing over a morning coffee or entertaining family and friends on scale!

Generously sized, the robed bedroom is serviced by a deluxe bathroom with a sparkling shower and a marble-topped vanity. Take advantage of a laundry nook, textured curtains, exquisite lighting, and a mirrored feature wall framing the living space. Refined Morgan Place is graced with video intercom security, lift access and resort-inspired use of a heated indoor pool, spa, sauna and a fully equipped gym.

Potential rental return of $450 to $470 per week

* Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.

Property History for 106/551 Flinders Lane, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$355,000
28 Dec 2024
  • 28 Dec 2024
    Sold for $355,000
  • 04 Oct 2024
    Listed for Sale $355,000
  • 28 Sep 2023
    Sold for $335,000
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,271 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 274 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2689 properties were sold in the past 12 months in Melbourne.

Suburb Insights for Melbourne 3000

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.